Pyth Network, the market data network behind the $PYTH token, ended October with $13.67 million in annual recurring revenue (ARR), up 18.9% from $11.49 million in September. ARR measures the yearly value of paid subscriptions. According to the network's October 2026 report, the figure is an annualized paid subscription run-rate. The reported January figure of about $1.7M implies roughly eightfold growth in under a year for @PythNetwork's paid data business.

Existing Customers Drive Much of the Growth

Pyth said it added $2.49 million in gross new ARR during October, with 29% of that arriving through its self-serve channel. Net new ARR was $2.17 million. Of gross new ARR, 44.6% came from existing accounts expanding their spending, according to the company's report.

The network now has 332 paying accounts. Pyth Terminal, its self-serve interface, recorded 4,451 sign-ups and account creations, up 37% from the previous month. Self-serve checkout contributed $725,000 of new ARR, the report said.

Pyth Indices, the benchmark prices the network builds for traditional assets such as equities, ETFs and commodities, reached $2.88 million in ARR across 21 clients, Solana Compass reported. The product added $1.12 million in October, about half of all new ARR. That compares with $1.81 million across 16 live clients at the end of September, per Pyth's third-quarter review.

Revenue Trend and Token Buybacks

Growth has been steady in recent months. Pyth Pro, the network's paid institutional feed, posted $7.49 million in ARR in July, according to Pyth's July report. Total ARR reached $10.4 million in August, up 39% month over month, based on Solana Compass coverage of the company's August report. September closed at $11.49 million, up 86.5% quarter over quarter.

The revenue also has a link to the $PYTH token. In early October, the Pyth DAO approved a proposal known as the 100% Rule (OP-PIP-136), directing all eligible product revenue toward open-market purchases of PYTH, BigGo Finance reported. Solana Compass noted that the DAO receives a share of product revenue, so the ARR figure measures annualized subscription sales and is larger than the amount available for token purchases.

Pyth's results are company-reported and have not been independently audited. ARR is a run-rate measure and can change as subscriptions are added or cancelled.

Sources

Pyth Network: October 2026 Report
Solana Compass: Pyth Network ARR Reaches $13.67M in October
Pyth Network: The Market Data Layer for New Financial Markets